Ethereum Price Eyes Breakout Amid Surging Institutional Interest 📈
Ethereum (ETH) is poised for a breakout, having surged 46% over the past month. Its performance has outpaced Bitcoin, with ETH/BTC pair rising 30%, hinting at capital inflow from Bitcoin to Ethereum.
Trading around $2,600, ETH maintains its highs since early May. The price action forms higher lows within an ascending channel, suggesting bullish momentum. Institutional and retail interest in ETH is growing, which could fuel further gains. The consolidation phase accompanied by low volatility indicates potential for continued upward movement.
Source: www.tokenpost.com ↗
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